Rice Acquisition Corp 3 closes $345M IPO; $345M placed in trust account

Rice Acquisition Corp 3

Closed IPO of 34,500,000 units at $10/unit, including full over-allotment of 4,500,000 units.
Concurrent private placement of 10,650,000 warrants at $1 each to sponsor, generating $10.65M.
Net proceeds of $345M deposited into trust account with Odyssey Transfer and Trust Company trustee.
Audited balance sheet shows $348.7M total assets, $345M Class A shares subject to redemption, and $12.76M deficit.
SPAC has 24 months (or 27 with extension) to complete a business combination or will liquidate.

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